Sedalaw: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Sedalaw
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€42,308
down €42,308 (-58.4%), from €72,450 to €30,142
mainly Current investments (-€80,000) and Investment in fixed assets (net) (-€6,879)
- Tangible fixed assets +€6,242
up €6,242 (+246%), from €2,535 to €8,777
- Receivables within one year -€3,209
down €3,209 (-22.0%), from €14,616 to €11,407
- Profit (loss) carried forward +€38,008
up €38,008 (+111%), from €34,308 to €72,316
- Other debts +€4,353
up €4,353 (+33.5%), from €12,992 to €17,345
- Gross operating margin +€2,967
up €2,967 (+6.4%), from €46,333 to €49,300
- Financial income +€948
up €948 (+107%), from €887 to €1,835
- Taxes +€580
up €580 (+6.1%), from €9,478 to €10,057
- Depreciation +€511
up €511 (+408%), from €125 to €637
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,127 | €132,591 | +€41,464 | +45.5% |
| Fixed assets | 21/28 | €2,535 | €8,777 | +€6,242 | +246% |
| Tangible fixed assets | 22/27 | €2,535 | €8,777 | +€6,242 | +246% |
| Furniture and vehicles | 24 | €2,535 | €8,777 | +€6,242 | +246% |
| Current assets | 29/58 | €88,592 | €123,814 | +€35,222 | +39.8% |
| Amounts receivable within one year | 40/41 | €14,616 | €11,407 | -€3,209 | -22.0% |
| Trade receivables | 40 | €14,616 | €11,407 | -€3,209 | -22.0% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €72,450 | €30,142 | -€42,308 | -58.4% |
| Deferred charges and accrued income | 490/1 | €1,527 | €2,265 | +€738 | +48.4% |
| Total equity and liabilities | 10/49 | €91,127 | €132,591 | +€41,464 | +45.5% |
| Equity | 10/15 | €62,550 | €100,558 | +€38,008 | +60.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,243 | €25,243 | = | 0.0% |
| Distributable reserves | 133 | €25,243 | €25,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,308 | €72,316 | +€38,008 | +111% |
| Amounts payable | 17/49 | €28,576 | €32,033 | +€3,456 | +12.1% |
| Amounts payable within one year | 42/48 | €28,576 | €31,861 | +€3,285 | +11.5% |
| Trade debts | 44 | €1,995 | €1,534 | -€461 | -23.1% |
| Suppliers | 440/4 | €1,995 | €1,534 | -€461 | -23.1% |
| Taxes, remuneration and social security | 45 | €13,589 | €12,982 | -€608 | -4.5% |
| Taxes | 450/3 | €13,589 | €12,982 | -€608 | -4.5% |
| Other amounts payable | 47/48 | €12,992 | €17,345 | +€4,353 | +33.5% |
| Accrued charges and deferred income | 492/3 | - | €172 | +€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €637 | +€511 | +408% |
| Other operating charges | 640/8 | €498 | €669 | +€171 | +34.3% |
| Gross operating margin | 9900 | €46,333 | €49,300 | +€2,967 | +6.4% |
| Operating profit (loss) | 9901 | €45,710 | €47,994 | +€2,285 | +5.0% |
| Financial income | 75/76B | €887 | €1,835 | +€948 | +107% |
| Recurring financial income | 75 | €887 | €1,835 | +€948 | +107% |
| Financial charges | 65/66B | €1,953 | €1,764 | -€188 | -9.6% |
| Recurring financial charges | 65 | €1,953 | €1,764 | -€188 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €44,645 | €48,065 | +€3,421 | +7.7% |
| Income taxes | 67/77 | €9,478 | €10,057 | +€580 | +6.1% |
| Profit (loss) for the period | 9904 | €35,167 | €38,008 | +€2,841 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,167 | €38,008 | +€2,841 | +8.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.